Tax prep software

The Internal Revenue Service has begun offering online Tax Pro Accounts that practitioners can use for submitting an authorization request to an individual client’s own taxes online with the IRS.

Bloomberg Tax & Accounting has improved the product to help multistate businesses with net operating losses across multiple states.

Anduin provides its billing solution to BDO firms, and TaxDome software updates improve e-sig capabilities.

The service plans to offer online Tax Pro Accounts in the third quarter of this year, on a timeline accelerated by the pandemic.

The Internal Revenue Service has changed the calculation for determining the $10,200 exclusion on unemployment benefits in the new pandemic relief package, allowing more taxpayers to qualify, but forcing tax software developers to update their programs.

PricewaterhouseCoopers is turning some of the digital tools it developed internally to train its staff into artificial intelligence products its clients can use in their finance departments.

Taxpayers who file through TurboTax can now opt to open a Credit Karma Money Spend account and have their tax refund sent there directly.

Cloud tax tech is imperative this year, with many preparers continuing to work in a remote setting due to the ongoing coronavirus pandemic.

TaxDome brings practice management, e-signature, secure file storage and more to TaxAct's tax prep software.

Major providers will offer an option for MFA, and the IRS strongly encourages users to take advantage of this added security measure.

Intuit Inc., the software company behind TurboTax and QuickBooks, won antitrust approval for its $7.1 billion takeover of personal finance website Credit Karma Inc.

Corvee, which recently rebranded from AccountingTax.com, has released a new tax planning software billed as able to help accountants plan proactively and strategically for their clients.

Internal Revenue Service commissioner Chuck Rettig heard complaints from lawmakers about their constituents missing stimulus payments.

The recent announcement of potential financial transaction taxes in New York and New Jersey alongside new regulations represent a growing operational challenge.

The Internal Revenue Service is giving taxpayers and practitioners some extra time if they tried to file their returns on Sept. 15 through CCH Axcess, but were unable to do so because of a system outage.

The Internal Revenue Service is starting with the customer support area of its Exempt Organizations unit.

The Internal Revenue Service is temporarily allowing the use of digital e-signatures on some forms that can’t be filed electronically.

The service is now letting taxpayers submit Form 1040-X electronically when they want to file an amended tax return through commercial tax software.

Here are some lessons learned from the 2018 tax year compliance season.